The VIX ended the week just above 16, bringing it to its highest level in 2024. What does this tell us about investor sentiment, and how does this compare to previous market cycles? Let's take a quick tour of market history through the lens of the VIX, focusing... READ MORE
KEY TAKEAWAYS * A stronger-than-expected jobs report sent the stock market higher * Several stocks and ETFs hit new all-time highs today * Commodity prices continue to rise One day doesn't make a trend—that's one lesson we learned from this week's stock market action. The March... READ MORE
KEY TAKEAWAYS * Energy sector is breaking higher on price chart * XLE's RRG tail is continuing to pick up steam * The exploration & production industry is leading inside the energy sector Strong Rotation on the Weekly RRG For a few weeks now, the improvement in the energy sector (XLE)... READ MORE
The Markup Phase of a Bull Market is glorious to behold and participate in. But they do ebb and flow. The bullish run in the major stock indexes has been persistent in 2024. We often discuss the quarter-end effect for stock index trends and the upward trend has persisted into... READ MORE
KEY TAKEAWAYS * Several analysts have grown exceedingly bullish on silver which has been undervalued for some time * Price targets are now at the range of $35 to $50 an ounce * The technical outlook presents a mixed picture, but there are a few key levels to watch if you're... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Sean McLaughlin of All Star Charts. Sean shares his outlook for the Ark Innovation Fund (ARKK) and energy stocks (XLE) and how to employ options strategies to bet on particular outcomes. David tracks the afternoon selloff which created... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe demonstrates how to use the "Big Green Bar" candlestick pattern. This candlestick provides great confirmation on certain types of entry points, and can also be helpful for exits. Joe finishes up the show covering the... READ MORE
Note to the reader: This is the fifteenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite remains unfazed about interest rates remaining higher for longer. * Commodity prices such as oil, gold, and cocoa are rising, even though inflation seems to be cooling. * The top S&P 500 sector performers indicate the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Mish Schneider of MarketGauge as she walks through charts of the Swiss Franc, solar stocks, and uranium, with a focus on price momentum and multiple time frame analysis. Dave breaks down the S&P 500 sectors into... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Joe Rabil of Rabil Stock Research, who shares two sectors, Energy and Materials, where he sees upside potential given the recent upswing in commodity prices. Dave speaks to the developing pullback in growth leadership names and why... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs. defense, and an outlook for the US equity markets as we begin Q2 2024. Dave also charts the strong breadth readings and low... READ MORE
Sometimes, simple indicators like bar or candlesticks operate just as the textbooks tell us they should. I don't normally follow individual stocks, but the hype surrounding last week's listing of Trump Media piqued my interest to see if the technical position squared with what the many... READ MORE
Today Carl and Erin cover the topic of On-Balance Volume (OBV) as a representation of volume trends. This came to their attention as they uncovered an OBV negative divergence on the SPY chart. Carl completes a review of the weekly charts for the Magnificent 7 stocks, giving us a more... READ MORE
Here comes the answer to a very old question, "Do stocks lead the economy, does the economy lead the stock market, or is there something else?" My work has shown numerous times that GDP is not a good predictor of the Dow Jones. Also, business inventories and a... READ MORE
Let's start off by reviewing a quarterly chart of the S&P 500 ($SPX), NASDAQ 100 ($NDX), and Russell 2000 (IWM) since this secular bull market began in early-April 2013 (44 quarters ago): S&P 500: NASDAQ 100: Russell 2000: When you look at these 3... READ MORE
KEY TAKEAWAYS * Overbought is just another term for strong. RSI above 70 shows strong upside momentum, which his bullish. Stocks can become overbought (strong) and remain strong. Momentum and trend strategies are off to a roaring start here in 2024. More often than not, these strategies buy leading stocks that... READ MORE
The Fed's preferred gauge of inflation was released today and, according to Fed chief Jerome Powell, "it was good," as there were no ugly surprises. This news could boost the markets, as sticky inflation data has had investors on edge amid interest rates that have remained... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews what's shaping up in the broader markets after the Fed announced their rate cut plans. She also shares how to use ETFs to shape your investment decisions for the longer term. In addition, Mary Ellen... READ MORE
This article represents an exercise I like to call the "Single Stock Portfolio". In this scenario, you can only own one stock in your portfolio for the next three months, and you can pick any one of the following eight stocks. Which one would you select, and why?... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave presents a mailbag show discussing key technical analysis topics. He covers breakouts, the role of TSX, CCI signals, Gartner Group (IT) strategies, seasonal patterns, ATR use, NVDA Fibonacci retracements, and managing high-yield stocks like GLP. You don't... READ MORE
KEY TAKEAWAYS * Bitcoin halving are often considered pivotal events for the cryptocurrency * Bitcoin prices are rising, but momentum appears to be dwindling * If Bitcoin stalls and reverse, there are a few potential support levels to watch Bitcoin is about to undergo its fourth halving on April 19. For crypto enthusiasts,... READ MORE
On this week's edition of StockCharts TV'sStockCharts in Focus, Grayson explains the importance of market breadth and shares some of the most crucial charts for understanding what's truly happening beneath the surface of the market. Using the Sample Chart Gallery, you'll see... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave highlights charts breaking above resistance levels, including Gold Shares (GLD), Phillips 66 (PSX), Capital One Fence Corp (COF), Freeport-McMoRan (FCX), and DraftKings (DKNG). Dave also interviews Buff Dormeier of Kingsview Investment Management, who shows how he uses RSI, the... READ MORE
Note to the reader: This is the fourteenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of... READ MORE
The late Yale Hirsch (Stock Trader's Almanac) has long been known for identifying the six-month periods of positive and negative seasonality in the stock market. The positive period is November through April, and the negative period is May through October. We are currently in a positive period, which... READ MORE
KEY TAKEAWAYS * Wednesday's broad stock market rally shows that investors are still willing to take chances in the stock market * Even though the stock market rallied, Communication Services and Technology were the worst performing S&P 500 sectors on Wednesday * Gold prices have been on a tear... READ MORE
In this edition of StockCharts TV'sThe Final Bar, guest David Hunter of Contrarian Macro Advisors shares his updated target for the S&P 500, and makes the case for a bullish melt-up phase for stocks, bonds, and gold. Dave Keller focuses in on the relative performance of... READ MORE
KEY TAKEAWAYS * Consumer Discretionary Beating Staples * Sectors Pushing Against Major Resistance Levels Summary The Relative Rotation Graph for US Sectors for this week mainly shows a continuation of the rotations as they were underway last week. XLB: This is moving from lagging into improving at a strong RRG-Heading, underscoring the... READ MORE
KEY TAKEAWAYS * KRE (the SPDR S&P Regional Banking ETF) is trading within a fairly wide uptrend channel * Momentum in KRE appears to be waning which could uncover short-term trading opportunities * Many regional banks can face increasing debt delinquencies and may be on the brink of collapse Full disclosure:... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Mary Ellen McGonagle of MEM Investment Research. David compares two stocks in the same industry group with dramatically different chart patterns. Which one would you want to own here and why? Mary Ellen shares three stocks with... READ MORE
We were perusing the Advance-Decline Line charts that we have and noticed something that surprised us. The Nasdaq Advance-Decline Line is trending lower while prices continue higher. This is negative divergence we didn't expect to see. What makes that negative divergence even more interesting is looking at the... READ MORE
To paraphrase the late great contrarian Humphrey Neil: When everyone thinks alike, it's usually time to look for a turn in the market. It seems to me, after reviewing an unscientific survey of the financial media, that everyone and his dog (no disrespect to our canine friends) is... READ MORE
Today Carl and Erin reviewed the Boeing (BA) chart together discussing the technical ramifications of the step down of the CEO and two other board members. We do note that the CEO will finish out the year so problems could continue throughout the year. The technicals on the chart are... READ MORE
After a corrective action the week before, the markets continued to wear a tentative look throughout this past week as well. In the previous technical note, it was mentioned that the level of 22525 has become an intermediate top for the markets, and any runway upsides should not be expected.... READ MORE
I've always liked to look at certain points during a bull market or bear market where the character of the market could change based on key fundamental news. We were at one of those points on Wednesday as 2 o'clock approached. The Fed was about to... READ MORE
U2 is one of my favorite bands and I can't help but think of their song, "With or Without You", when I look at an S&P 500 chart. This secular bull market is waiting for no one. You're either in it or... READ MORE
The 200-day SMA is perhaps the most widely used long-term moving average. As its name implies, it is a simple indicator that chartists can use for trend-following and momentum strategies. For trend-following, we just need to know where prices stand relative to the 200-day SMA. For momentum, we need to... READ MORE
KEY TAKEAWAYS * While the long-term trend in Apple has been quite strong, the weekly charts shows a clear double-top pattern with declining momentum. * Our Market Trend Model currently reads short-term bearish, medium-term bearish, and long-term bullish. * A break below price support around $169 could open the door to further downside,... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are holding strong * Gold and the US dollar trend higher in spite of dovish Fed comments * Cannabis stocks trade higher on news of partial legalization in Germany It was an action-packed week in the stock market.... READ MORE